Q&A: Making a claim for Overpayment Relief

Q. I've been reviewing my previous tax returns to try to track down some capital losses. Whilst doing this I've noticed that I didn’t include my pension contributions on the 2018/19 return. When I’ve checked online, I've just missed the deadline to amend it. Is there any way to claim the extra relief? It's worth around £2,500 which would be very helpful at the moment.

A: You should make a claim under the provisions for Overpayment Relief. This permits a claim to be made up to four years after the end of the tax year in question where there are no other means to recover the overpaid tax. You need to be very careful when drafting the claim, as it must contain specified information (see HMRC's Self-assessment claims manual). It must also be signed by you personally as an advisor can't sign on your behalf (though they could help you draft the letter).

About the Author

Martin Johnson

Partner

With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.  Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.  

To get in touch please e-mail martin.johnson@torgersens.com.